Massachusetts General Laws ch. 185 sec. 95 – Registration of discharge
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Section 95. If proceedings in insolvency or bankruptcy against a registered owner, of which notice has been registered, are vacated by decree, or if the court of insolvency or bankruptcy grants a discharge in composition proceedings and orders a reconveyance of land to the debtor, or bankrupt, a certified copy of the decree, or of such discharge and order, may be filed and registered. If a new certificate has been entered in the name of the assignee in insolvency or trustee in bankruptcy as registered owner, the debtor or bankrupt shall be entitled to the entry of a new certificate in his name, and the certificate of the assignee or trustee shall be surrendered.
Terms Used In Massachusetts General Laws ch. 185 sec. 95
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Trustee: A person or institution holding and administering property in trust.